12.01.2025 12:36:00

Should You Buy Upstart Stock While It's Below $100?

Upstart (NASDAQ: UPST) has gone on a wild ride since its IPO on Dec. 18, 2020. The online lending marketplace went public at $20, skyrocketed to its all-time high of $390 on Oct. 15, 2021, but sank to a record low of $12.40 on Dec. 27, 2022.Upstart's stock initially surged as its AI-driven platform approved more loans in a low-interest-rate environment. The buying frenzy in growth and meme stocks amplified those gains by causing many investors to gloss over its soaring valuations. But as interest rates rose, Upstart's growth stalled out and its valuations crumbled.Image source: Getty Images.Continue readingWeiter zum vollständigen Artikel bei MotleyFool

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Upstart Holdings Inc Registered Shs 56,16 -1,42% Upstart Holdings Inc Registered Shs